City Index versus IG Index: Which is the Best Spread Betting Provider?
As in the market there are more than 15 different providers investors should be able to compare spread betting brokers in the financial trading world.CityIndex is one of them. City Index has been around in the market for about 25 years and it offers a good range of markets across a wide number of asset classes. IPGL, the private holding company, is the parent company of CityIndex.
Now for a bit of history. IFX Group is taken over by CityIndex in 2006. A range of new and innovative leveraged products, mainly foreign exchange and the global equity markets were provided to institutional and retail customers by IFX which was a London based business.During this time span CityIndex platform has raised to a different level. On the other hand, IG Index is also omnipresent in the market and seems destined to remain the undisputed market leader. IG Index appears to continue as an undisputed market leader due to its omnipresence.IG Index offers some different features than CityIndex which was established 10 years earlier.
Significantl the Plus Account and also the Limited Risk Account.are the two types of trading account offered by IG. The Plus account comes with dealing spreads which are tight and there would be full PureDeal functionality, including the DealThru Charts, the one-click dealing for a faster execution and competitive margins.
On the other hand, the Limited Risk Account would come with the guaranteed stops on all kind of trades.The maximum amount that traders and investors would potentially lose would be limited to the amount that they originally invested in this way.By paying some more spread on each of the trades,spread traders can enjoy this kind of privilege
You may find that the best spread betting provider depends on your trading style & if you are a beginner or day trader in the spread betting world, when you compare the two providers side by side. What makes CityIndex great for starters is that it offers a demo simulator account which IG Index doesn't. When in for the sheer range of markets though, the IG Index is likely to win hands down. City Index offers particularly competitive margins on a number of major markets though which are even better than IG & just because a provider offers you greater leverage doesn't mean that he's offering you a better deal.
CFD trading and spread betting are offered by City Index on a single platform so you are able to switch from one to the other with ease. IG in addition also offers dma dealing through its PureDMA dealing interface dubbed as IG Markets, together with its flagship web platform PureDeal offering CFD trading. Although City Index managed to penetrate the market earlier & so has taken the lead, both platforms offer iphone and mobile spread betting.However, IG has also launched an iPhone spread betting application in August 2010 and this promises well.
It is perfectly feasible to open an account with both IG Index and City Index, since trying one provider doesn't mean that you necessarily need to open just one account. Conclusion that many spread betters tend to have multiple accounts, is what past research from research company Investment Trends has shown.
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